Where can I buy short-term insurance?
You can buy insurance from the insurance company or from a financial adviser. Always buy insurance from a company registered with the Financial Sector Conduct Authority, or from a qualified and registered financial services adviser.
What is short-term insurance?
A short-term insurance policy is a way of reducing the cost of risks to your property (accidents, losses of property, robberies). You pay a monthly fee and if you lose something through an accident or another event, you may claim from your insurance company provided that the conditions of the claim are covered by the insurance policy.
What is excess?
When you claim from the insurance company, there is often an amount that has to be paid towards the replacement of the item you are claiming for. This amount is the excess. The amount (the excess) is shown in your policy document.
Can I read the policy before I sign?
Yes, you may take your insurance policy home with you and you must read it and understand the agreement before you sign. Make sure your questions are answered to your satisfaction before you sign any policy.
When can I cancel my insurance?
You may cancel your insurance at any time.
How long do I have to pay insurance?
For as long as you want insurance cover.
What is the difference between a “funeral policy“ and a “burial society“?
A funeral policy is often held by an individual, while a burial society is a collective savings scheme by friends and colleagues.
